DOT/USDT – 30M – SELLThe pair Polkadot/Tether (DOT/USDT) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 2.257 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 2.37 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair is likely to fall.
Additionally a ‘Three Outside Down’ candle pattern is found. The chart shows ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 2.62 |
| 2nd High | 2.435 |
| Next High | 2.37 |
| Current Price | 2.298000000 |
| Next Low | 2.257 |
| 2nd Low | 2.252 |
| 3rd Low | 0.633 |
2.37 – 2.435 – 2.62 – 2.257 – 2.264 – 2.273 — 41.786757346605 – 37.374573811764 — 14.03659422672 – 12.972627241938 – 10.549411237744 – 13.501110678416
Trading Signals: CRYPTO – DOT – DOT/USDT – USDT – Three Outside Down – Double bottom retreat down – –